The United Arab Emirates has revoked the license of Sundus Exchange and imposed a fine of AED10 million (about Sh400 million) for violations of anti-money laundering regulations.

• Central Bank of the UAE announced the action as part of a crackdown on financial misconduct.
• Sundus Exchange had operational ties with Taaj Money Transfer serving East Africa.
• This move may disrupt remittance flows to East Africa, impacting families in Kenya, Ethiopia, and Somalia.